Zhongji Innolight has secured more than 30 cornerstone investors for its US$8 billion Hong Kong IPO, set for July 30, which would be the city's largest listing in seven years. Nearly half the base sha…
Tesla is expected to report a negative free cash flow of $3.3 billion for the second quarter of 2026, its first quarterly cash burn in over two years, as surging capital expenditures on AI infrastruct…
BlackRock is leading a debt sale of more than $12 billion to fund a Meta data center campus in El Paso, Texas, with the bonds issued by a company holding an 80% stake in the project while Meta owns th…
Oracle's five-year credit default swaps closed at 198.23 basis points on July 17, surpassing the 2008 financial crisis peak of 198.18 basis points, as credit markets signal concern over the company's …
A-Comm Technologies founder and CEO Krystal Gracier opened the draft A-Comm Evidence Protocol (AEP) for public comment on July 13th, proposing a tamper-evident record for AI agent transactions that me…
Zhongji Innolight, a Chinese maker of high-speed optical transceivers, is pursuing a Hong Kong listing worth up to $8bn, which would be the city's largest IPO since Alibaba's $12.9bn debut in 2019. Th…
Alphabet Inc., Google's parent company, announced the largest equity capital raise in corporate history, pulling in $80 billion through stock sales, convertible preferred shares, and a $10 billion pri…
Big Tech earnings season begins next week with Google, and the key figure will be capital expenditure on AI data centers, with Google, Amazon, Microsoft, and Meta planning to spend over $700 billion t…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …
Zhongji Innolight, a Shenzhen-listed optical module maker supplying AI data center components for Nvidia's ecosystem, has secured approval for a secondary listing on the Hong Kong Stock Exchange that …
Moonshot AI launched Kimi K3, a 2.8-trillion-parameter open-weight model, on Thursday, ranking alongside Claude Fable 5 and GPT-5.6 Sol on the Artificial Analysis Intelligence Index with a score of 57…
Investors are rotating into quality stocks as AI-related risks rise, with Barclays Plc reporting that its long-short quality basket gained 1.9% on Thursday while the Nasdaq 100 fell 1.6%. The quality …
A selloff in Asian chip stocks deepened as Taiwan Semiconductor Manufacturing Co.'s strong results failed to meet lofty investor expectations, with TSMC shares falling as much as 4.5% in Taipei despit…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Anthropic is lining up investor meetings with Goldman Sachs, Morgan Stanley, and JPMorgan Chase for a potential October IPO at a nearly $1 trillion valuation, after the company was last valued at $965…
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
South Korea's KOSPI index plunged 6.37% to close at 6,820.60 on Thursday, falling back below 7,000 amid concerns over slowing AI infrastructure investment and intensifying memory chip competition. Mor…
Anthropic is quietly scheduling investor meetings for a potential October IPO, targeting a $965B valuation, while facing diplomatic backlash in Europe after sending a junior employee to deliver AI-gen…
Anthropic, an AI research company, is reportedly planning an initial public offering as early as October, with Morgan Stanley, Goldman Sachs, and JPMorgan involved, potentially listing before competit…
Morgan Stanley analysts led by Joseph Moore defended Broadcom's role in Google's TPU supply chain, projecting TPU shipments will reach 3.2 million units in 2026 and 5 million in 2027, with the partner…